Egypt's Planning Minister, ICIEC CEO discuss aspects of cooperation

We seek to increase cooperation between Egypt and the institutions of the Islamic Development Bank Group: Says Hala El-Said

Minister of Planning and Economic Development and Governor of Egypt in the Islamic Development Bank (IsDB) Group, met with Oussama Abdel Rahman Kaissi, CEO of the Islamic Corporation for the Insurance of Investment and Export Credit (ICIEC), the insurance arm of the Islamic IsDB Group, to study aspects of cooperation and coordination in several strategic topics.
The meeting included a presentation of the position of the ICIEC's operations in Egypt, which amounted to $6.6 billion, represented in covering operations related to import and export, credit service on exports and securing foreign investments. 


The meeting also discussed the Corporation's future plans in Egypt, which included mobilizing more insurance and credit support for infrastructure projects and the strategic commodities sector, as well as developing the relationship with Egyptian banks in financing trade and export credit.


El-Said said that she seeks to develop the relationship between Egypt and all the IsDB institutions, increase the areas of cooperation, and the need to benefit from the capabilities of the Islamic institution.
This aims to support Egyptian exports and exporters, contributing to opening new markets to Egyptian exports, and overcoming the challenges facing Egyptian export operations to foreign markets, especially African ones.
The Minister of Planning praised the extent of cooperation with the ICIEC and thanked Kaissi for his efforts and keenness to cooperate with Egypt.
For his part, the CEO of the Islamic Corporation for the Insurance of Investment and Export Credit asserted that Egypt is one of the first ten countries that benefit from the Corporation's services in the field of trade and investment, which enhances its position as one of the major contributors to the corporation. 
He added that ICIEC is also keen to strengthen support partnerships with the public and private sectors to achieve the strategic objectives of Egypt. 

"In addition to plans to expand support for Egyptian exporters and deepen cooperation with the Egyptian government in the sector of strategic goods and infrastructure projects," he concluded.